Skye Trustees Limited

Brief Profile of the Trustee


Skye Trustees Limited was incorporated on the 2nd of May 1991 as EIB Trustees Limited before the change of name following the merger of its former parent company (Skye Bank Plc) in 2005.

The Company is experienced in all aspects of Trusteeship including Corporate Trusts, Private Trusts and Estate Planning, Charitable Trusts, Endowments & Foundations. Clientele base cuts across State Governments and Parastatals, corporate entities as well as private individuals whilst scope of business spans the Money Market, Capital Market and Real Estate.

Skye Trustees is registered with the Securities and Exchange Commission as Trustees and Funds/Portfolio Managers. Skye Bank recently divested its holding with Skye trustees through a management buy-out led by its MD/CEO, Funmi Ekundayo. 

Particulars of Management

The Board of Directors of the Company comprises five members. The Board formulates the broad policies of the Company and takes decisions for the management and operation of the Company with a view to attaining the Company‟s objectives.


Olawale Edun, was the Honourable Commissioner of Finance, Lagos State from 1999-2004 He has considerable experience in Economics and International Finance at national and international levels. He worked at chase Merchant Bank Nig. Limited (later Continental bank PLC) – including spells at Lehman Brothers and Chase Manhattan Capital Markets, New York, USA and The World Bank / International Finance Corporation, Washington DC, USA. He returned to Nigeria in 1989 as Co-founder and Executive Director of Investment Banking and Trust Company (now Stanbic IBTC Bank PLC). He is the founder and current Chairman of Denham Management Limited (now Chapel Hill Denham Group). He serves on the Board of African Paints Nigeria PLC among others. He is also the Chairman, LiveWell Initiative a health education and literacy non-government organization (NGO) as well as Sisters Unite for Children – another NGO which assists street children.


Funmi heads the Management Team. She holds a Bachelor of Laws Degree, LLB (Hons.) in 1995 and Master of Laws degree (LLM) in 1998 from the University of Lagos. Funmi is an Associate Member of the Institute of Chartered Secretaries and Administrators, London. She was in Legal Practice for several years with the firm of Bentley Edu & Co. before joining NAL Asset Management & Trustees Limited (Now Sterling Asset Management & Trustees Limited). She worked with UBA Trustees Limited as Head, Marketing & Business Development prior to joining Skye Trustees Limited as an Assistant General Manager. Funmi is the MD/CEO of the Company and she is currently the Vice President, Association of Corporate Trustees of Nigeria.  


Kayode Falowo holds a Bachelor of Science degree (B.SC) in Agricultural Engineering, from the University of Ife now Obafemi Awolowo University (1982), a Masters of Business Administration (MBA) from the University of Benin (1988). He is a fellow of the Chartered Institute of Stockbrokers, a member of the Institute of Management Consultants, Nigeria Society of Engineers, Certified Pension Institute of Nigeria, Nigerian-British Chamber of Commerce and Nigerian-Indian Chamber of Commerce. He has over 26 years of working experience in the financial sector with a long track record in management consultancy, privatization of public

sector enterprises and debt issuance programmes amongst others. He is the current Managing Director of Greenwich Trust Limited, a member of the Presidential Advisory Committee on the Nigeria Capital Market and the immediate past Chairman of the Association of Issuing Houses of Nigeria. He is also a member, the Technical Committee of the Nigeria Council on Privatization and sits on the Board of DN Meyer PLC.


Afolabi Caxton-Martins is a founding Partner of the law firm Adepetun, Caxton-Martins, Aggor & Segun. He holds a Bachelor of Law degree (LL.B) from the University of London (1983). He is a fellow of the Chartered Institute of Arbitrators (FCIArb), a member of the Nigerian Bar Associations (NBA) and the International Bar Association (IBA). He specializes in international commercial mergers and acquisitions, corporate finance and international commercial arbitration.


Connie Ogundare holds a Bachelor of Science degree (B.SC) in Major Chemistry and Minor Psychology from the Marymount College Tarrytown, New York, USA (1990) as well as Bachelor of Science ( degree in Pharmacy (1994) and a Master of Science (M.Sc.) in Clinical Pharmacy from the St. John University, New York, USA (1997). She has over 18 years of working experience in the United State of America and Nigeria spanning clinical pharmacy, real estate, investment banking and consultancy. She is currently the Management Director of Business Objects Limited, and a partner in JASTCO Mayfair International Property Management LLC and CSS Corporate Solution LLC (both located in New York, USA). She is also on the Board Fadco Investment Limited.